What’s Protocol Monetary Trade Policy, and Why Is it Such a Big Deal?
Innovations that push boundaries tend to generate buzz before they’re fully adopted by the broader DeFi community. Protocol Monetary Trade Policy is the newest one on the horizon. It’s already considered by some as the evolution of liquidity mining, despite being relatively new in the space. The policy’s proponents say it will greatly benefit the DeFi ecosystem, but it’s worth examining exactly what Protocol Monetary Trade Policy is, how it compares to traditional DeFi economics, and whether it truly has the potential to revolutionize the crypto-economic space. What is Protocol....
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Ethereum Classic is preparing another hard fork. It was announced in statements published last week that the project’s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation’s Ethereum last....
Bitcoin’s monetary policy returns Americans to an environment that rewards hard work, incentivizes saving and makes life attainable.
A United Nations trade body has recommended a set of policy actions to “curb the expansion of cryptocurrencies in developing countries.” The intergovernmental group stressed that if cryptocurrencies become a widespread means of payment, it could jeopardize the monetary sovereignty of countries.
UN Trade Body’s Crypto Policy Recommendations
The United Nations Conference on Trade and Development (UNCTAD) urged authorities in developing countries worldwide to take action to prevent the widespread use of cryptocurrencies last week.
UNCTAD is a....
A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated.
Monetary Policy Committee Member Says a Complete Crypto Ban Is Difficult to Implement
Ashima Goyal, a member of India’s Monetary Policy Committee, talked about cryptocurrency in an interview with PTI on Sunday. The Monetary Policy Committee (MPC) determines the policy interest rate....
US Federal Reserve chairwoman Janet Yellen has issued new comments on how she believes the country's financial regulators should address bitcoin and blockchain technologies, stating that these agencies must be careful not to "stifle innovation". The statements were issued in response to a question submitted to Yellen by US Representative Mick Mulvaney following a 15th July meeting of the House Committee on Financial Services' Monetary Policy and Trade, of which he serves as vice chairman. In his 11-page submission, Mulvaney sought clarity as to how the central bank viewed the increasing....